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Infinity exits Positive Cashflow Finance with £22m funding line

19 May 2013

Private equity-backed invoice finance company Positive Cashflow Finance has secured a £22m funding line from RBS Invoice Finance and NatWest in a deal that gives the directors a majority shareholding in the business they founded five and a half years ago.

The company, which was backed by Manchester, UK-based private equity firm Infinity Asset Management in December 2007, recently announced profits of £652,000 for 2012, on a turnover of £3.6m.

The firm provides funding facilities from £10,000 to £1m to improve working capital, fund acquisitions and accelerate growth.

Positive’s managing director David Smith, said, “We have enjoyed a fantastic relationship with our investors. With this deal they will realisepart of their investment but retain an interest in our business moving forward. We opened two new offices last year and have ambitious plans for further growth.

“When we were approached by RBSIF it became clear that they shared our vision for the future and put together a financial package that worked. The increased funding line will enable us to continue to develop and provide much needed working capital to SMEs throughout the UK.”

Daniel Finestein, managing partner at Infinity, added, “Positive has been a great investment for us achieving every target set and we are delighted to be able to realise a partial exit whilst retaining a stake in what is a very exciting business”